A recent NBC News poll showed that Amercians are blaming President Biden’s policies for the ongoing inflation | Freepik
A recent NBC News poll showed that Amercians are blaming President Biden’s policies for the ongoing inflation | Freepik
An NBC News Poll reveals that Americans believe that President Joe Biden’s policies are leading to rising costs of inflation.
According to the poll, when respondents were asked, "Who or what do you blame the most for the rising cost of goods and services, or inflation?" President Biden’s strategies garnered 38% of the blame, 28% believed the COVID-19 was at fault, 23% stated it was inflation and 6% said the economic trouble was due to the Russia invasion of Ukraine.
Prices in what the Bureau of Labor Statistics (BLS) describes as the West Region from the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.8% in February and over the past year rose by 9.1% with food prices rising 8.1% and energy costs rising 26.7%, an effect of the surging gas prices.
According to Fox News, President Biden had blamed Russian President Vladimir Putin and the COVID-19 pandemic as the main culprits for ongoing inflation and stated that rising prices have "nothing to do" with his administration’s policies. He added, "make no mistake, inflation is largely the fault of Putin."
House GOP leader Kevin McCarthy recently tweeted: “Mr. President: You can't spend America out of an inflation crisis.”
The Pew Research Center said that inflation has been increasing over the past six months, before the war in Ukraine began.
Of those respondents of the NBC News poll who blamed President Biden, 37% stated they were poor/working class, 39% stated they were middle class and 39% stated they were upper class. The poll, conducted March 18-22, asked questions of 1,000 people with 790 of them being registered voters.
Last month, the BLS released the Consumer Price Index (CPI) data for the previous year that showed a 40-year high yearly rise of 7.9%.
CPI information shows that gasoline, shelter and food were biggest contributors to the rising indexes with the gasoline index at 6.6% and fruits and vegetables at 2.3%, accounting for the biggest monthly rise since March of 2010.